Housing Development Cooperation (HDC) has signed a joint Memorandum of Understanding (MoU) with Ministry of Economic Development and Business Centre Corporation (BCC) to collaborate on projects conducted for Small and Medium Enterprises (SMEs) in Hulhumale’.
The MoU was signed by Minister of Economic Development Fayyaz Ismail, Managing Director of HDC Suhail Ahmed and Managing Director of BCC Fazleena Fakir. Under the MoU, HDC will provide concessional lease rates and prioritise certain percentages of units and spaces for SME specific projects in Hulhumale’.
Meanwhile, BCC is currently preparing to open a shop in Hulhumale’ Centro Mall, dedicated for local products. BCC stated the purpose of opening the shop is to promote local hand-made products, as part of the government’s policy to develop small businesses.